Head and shoulders: 3 Peaks with the middle one being the highest indicate a head and shoulder-like formation which indicates a Bearish Reversal and a major downtrend. This breakout is accompanied by huge volumes being traded and generally a long bearish (red) candle. One can expect the prices to go as low as the difference between the topmost peak and its...
COFORGE is following the parallel trendline from May, now the stock give the good correction in the last two three days.
If stock break the trendline on downside, you can make the entry in this entry point 5335.
Our Target will be 5220.
What's your view on this comment below in the box
wave 2 is between 0.786 and 0.618 level of wave 1.
wave 3 is exactly 1.618 times of wave 1.
wave 4 started from 925 level, according to elliot wave theory it should retrace upto 780 levels.
Which provides us with a good shorting opportunity.
For additional confluence:- divergance spotted in MFI indicator (oscillator is making lower high but stock is making...
Short Axis Bank between 812-815 with SL 821
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